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Investors Bet Trump Will Back Down Despite Escalating Tariff Threats
Summary: Despite escalating tariff threats from Trump, investors are betting that he will back down. Trump's latest tariff measures bring the tariff levels closer to what some analysts expected after he announced high tariffs on dozens of US trading partners in early April. However, the initial 'tit-for-tat' tariffs, which caused a stock market plunge, were postponed ...
Despite escalating tariff threats from Trump, investors are betting that he will back down. Trump's latest tariff measures bring the tariff levels closer to what some analysts expected after he announced high tariffs on dozens of US trading partners in early April. However, the initial 'tit-for-tat' tariffs, which caused a stock market plunge, were postponed and renegotiated; Trump then delayed the tariff implementation from July 9 to August. Nevertheless, investors are not as concerned about the current president's threats as they were about his earlier remarks, betting that he will eventually abandon tariffs that could seriously harm US growth. This trade is referred to in the market as 'TACO' - an abbreviation for 'Trump Always Chickens Out'.
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Link: Investors Bet Trump Will Back Down Despite Escalating Tariff Threats [Copy]
